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Question
A man buys Rs. 75 shares at a discount of Rs. 15 of a company paying 20% dividend. Find:
- the market value of 120 shares;
- his annual income;
- his profit percent.
Solution
Nominal value of 1 share = Rs. 75
Market value of 1 share = Rs. 75 – Rs. 15 = Rs. 60
Market value of 120 shares = 120 × 60 = Rs. 7,200
Nominal value of 120 shares = 120 × 75 = Rs. 9,000
Annual income = 20% of Rs. 9,000
= `20/100 xx 9000`
= Rs. 1,800
Profit% = `1800/7200 xx 100%` = 25%
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